How Banks Work

Explain the basics of how banks operate:

• What is a bank and how does it operate?

• How does a bank make money?

• What is the 3-6-3 rule?

• What is a banks "Reserve Requirement"?

• What services does a typical bank offer?

• How does "The Fed", or 'The Federal Reserve Bank' affect other banks?

• What rules and regulations are banks subject to?

• How safe is your money in a bank?

• What is FDIC insurance and when did it originate?

• What happens when you deposit a check in a bank - explain the process.

• What are some of the major banks and what banking consolidation has taken place recently?